Big firms play ‘Double Dutch’ to skip on tax in Australia

Multinational corporations including Google, Facebook, Apple and eBay are likely to have short-changed Australians by more than $1 billion in lost tax revenue thanks to an arrangement dubbed by Treasury as “the Double-Dutch Irish Sandwich”.While the federal government backtracks on its plans to deliver a budget surplus, the scheme has made global headlines recently after coffeemaker Starbucks admitted to a British parliamentary inquiry it had paid corporate tax only once in the past 15 years.
http://www.dailytelegraph.com.au/news/big-firms-play-double-dutch-to-skip-on-tax/story-e6freuy9-1226543763777

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